James D. Robinson IV - Feb 28, 2022 Form 4 Insider Report for Olo Inc. (OLO)

Role
Director, 10%+ Owner
Signature
/s/ William Porteous, attorney in fact for James D. Robinson IV
Stock symbol
OLO
Transactions as of
Feb 28, 2022
Transactions value $
-$7,270,441
Form type
4
Date filed
3/2/2022, 07:18 PM
Previous filing
Jan 5, 2022
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLO Class A Common Stock Conversion of derivative security +216K +37.22% 795K Feb 28, 2022 Direct F1
transaction OLO Class A Common Stock Conversion of derivative security +330K 330K Mar 1, 2022 See Footnote F2
transaction OLO Class A Common Stock Sale -$4.69M -330K -100% $14.21 0 Mar 1, 2022 See Footnote F2, F3
transaction OLO Class A Common Stock Sale -$1.39M -102K -12.8% $13.63 693K Mar 2, 2022 Direct F4
transaction OLO Class A Common Stock Sale -$1.19M -84.2K -12.15% $14.14 609K Mar 2, 2022 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OLO Class B Common Stock Other -216K -5.67% 3.58M Feb 28, 2022 Class A Common Stock 216K See Footnote F1, F4, F5, F6, F7
transaction OLO Class B Common Stock Conversion of derivative security $0 -330K -100% $0.00* 0 Mar 1, 2022 Class A Common Stock 330K See Footnote F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received shares of Class A Common Stock as the result of a pro rata distribution, for no consideration, by RRE Ventures IV, L.P. ("Ventures IV") and its general partner RRE Ventures GP, IV LLC ("GP IV") of Class B Common Stock which automatically converted to Class A Common Stock on a one-for-one basis upon their transfer by Ventures IV.
F2 These shares were held by RRE Advisors LLC ("Advisors") and automatically converted from shares of Class B Common Stock to shares of Class A Common Stock on a one-for-one basis upon theirs sale by Advisors. The managers and owners of Advisors are each of James D. Robinson IV, Stuart J. Ellman and William D. Porteous. Each of Messrs. Robinson IV, Ellman, and Porteous disclaim beneficial ownership of the securities reported on this Form 4, except to the extents of his pecuniary interest therein, if any.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.92 to $14.66, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnotes (3), (4) and (5)
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.01 to $14.00, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.01 to $14.27, inclusive.
F6 Ventures IV distributed these shares of Class B Common Stock to its partners on a pro rata basis, for no consideration, which converted to shares of Class A Common Stock upon distribution.
F7 Held by Ventures IV. The general partner of Ventures IV is GP IV. The managing members and officers of GP IV are James D. Robinson IV, Stuart J. Ellman, and William D. Porteous. Each of GP IV and Messrs. Robinson IV, Ellman, and Porteous disclaim beneficial ownership of the securities reported on this Form 4, except to the extent of its or his pecuniary interest therein, if any.